RAM revises Malaysia’s 2009 GDP estimate
RAM Ratings has adjusted downwards
Malaysia’s GDP growth forecast for 2009 on the heels of a
sharper-than-anticipated drop in both external and domestic demand.
RAM Ratings has adjusted downwards
Malaysia’s GDP growth forecast for 2009 on the heels of a
sharper-than-anticipated drop in both external and domestic demand.
RAM has revised its 2009 GDP forecast for Malaysia to 3.3 percent, 0.9 percent lower than the initially-forecast level.
On the other hand, RAM said it has raised Malaysia's 2010 GDP growth projection from 3.8 percent to 4.9 percent as the global recession eases and benefits from aggressive monetary and fiscal stimulus measures filter through the economy.
According to RAM’s recently-released report on Malaysia’s economic outlook, the lack of export demand in crisis-hit countries, mainly advanced economies, means that Malaysia's recovery in 2009 and 2010 will likely be modest./.
RAM has revised its 2009 GDP forecast for Malaysia to 3.3 percent, 0.9 percent lower than the initially-forecast level.
On the other hand, RAM said it has raised Malaysia's 2010 GDP growth projection from 3.8 percent to 4.9 percent as the global recession eases and benefits from aggressive monetary and fiscal stimulus measures filter through the economy.
According to RAM’s recently-released report on Malaysia’s economic outlook, the lack of export demand in crisis-hit countries, mainly advanced economies, means that Malaysia's recovery in 2009 and 2010 will likely be modest./.
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